Oceana beats the competition

A few old salts on the Cape Town docks were knocked of their bollards when fishing conglomerate successfully appealed a judgement by the competition authorities that imposed unworkable (and unviable) conditions on the proposed acquisition of Foodcorp’s fishing assets. On December 19 Oceana confirmed a decision by the Competition Appeal Court to uphold the company’s appeal. This effectively confirmed Oceana’s entitlement to include the pelagic fishing rights in its proposed acquisition of Foodcorp’s fishing assets.


Oceana ‘can’ do it

IT looks like a busy 2015 for Oceana, Cape Town’s largest and most diversified fishing group, with CEO Francois Kuttel noting the company’s important canned fish and fishmeal business had been restructured for growth.


Oceana Group leads Mail & Guardian’s Most Empowered Companies list

South Africa’s largest fishing group, Oceana, is number one in this year’s Mail & Guardian Most Empowered Companies ranking. The participants in the Mail & Guardian/Empowerdex Empowered Companies Survey (ECS) include all the companies listed in the Johannesburg Stock Exchange (JSE) other than those on venture capital and development boards. The survey is aimed at raising awareness of Broad Based Black Economic Empowerment (BBBEE.)


There’s always a catch

Local fishing group’s Oceana, Group and Premier Fishing, endured very different fortunes in their respective first six months of trading in the 2014 financial years. Ranked as South Africa’s biggest and most diversified fishing enterprise, Oceana endured a choppy six months to end June with turnover dropping 4% to R2,36bn. Fortunately, Oceana’s ability to run a tight ship paid off - with profit before tax edging up 5% to R272m.


Oceana hoists BEE sail

Fishing conglomerate Oceana has highlighted its empowerment efforts by announcing a R289m payout to employee beneficiaries of the company’s Empowerment Trust.


Who will take the can?

WHILE the market awaits approval of fishing conglomerate Oceana’s takeover of the fishing segment of FoodCorp, lines are already being cast for who the buyer of the Glenryck pilchard canning business will be. 


Oceana’s not so Lucky Star

THE second half of Oceana’s 2013 financial year was not the time for the company to thank its Luck Star(s.) Oceana’s Lucky Star canned pilchard brand is one of the most affordable sources of protein.

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